Article 6 needs ambition, not time wasting

Date Published 2019, December 11

Existing market mechanisms under the Kyoto Protocol have accrued an available supply of some 4.65 Gt CO2 worth of carbon offsets, largely allocated to China, India, and Brazil. Were these credits to be rolled over into the mechanisms outlined by Article 6 of the Paris agreement, nearly 40% of existing ambition outlined by countries in their NDCs would be wiped away.